LinkedIn is an illustrious website that helps professionals connect with one another. It is also a portal for people to display their skills as well as the path that their career has taken through the years. It contains a variety of information ranging from education, knowledge to checkpoints in their career.
Employers also use this platform for recruiting professionals. So it is a useful tool which is slowly becoming a necessity for people entering into the corporate world. Navigation and understanding crucial skills for their profession of choice and the location they would flourish goes a long way in crafting a successful career.
The report will be charting the trends in LinkedIn across all fields. It will be delving into the kind of skills that are gaining or losing popularity across different verticals as well as what the top few must have skills are for all working professionals.
The other useful component for young professionals is what the migration trends are with respect to their skills and which place would give them space to learn and display their potential.
The final aspect but supremely important one is whether the global employment trends are conducive to their growth. Only upon knowing this aspect is it possible for them to decide whether migration is a good option or upskilling is necessary.
The World Bank Group - Linkedin Digital Data for Development attempts to harness LinkedIn data covering more than 100 countries. For the purpose of this report the following datasets will be accessed:
Team of Thrones
Members:
| Country Name | Net Migration |
|---|---|
| Georgia | 8.535556 |
| Luxembourg | 8.201111 |
| Gabon | 6.656000 |
| Papua New Guinea | 4.104000 |
| Cyprus | 2.956875 |
| Zambia | 2.705000 |
| Malawi | 2.372500 |
| Kuwait | 1.932308 |
| Congo, Dem. Rep. | 1.653000 |
| Libya | 1.562857 |
| country name | region | average perentage of growth |
|---|---|---|
| Luxembourg | Europe & Central Asia | 11.389292 |
| Cyprus | Europe & Central Asia | 5.913180 |
| Georgia | Europe & Central Asia | 5.399218 |
| United Arab Emirates | Middle East & North Africa | 4.850546 |
| Switzerland | Europe & Central Asia | 3.984353 |
| Country Name | Net Migration |
|---|---|
| Cuba | -11.336000 |
| Jamaica | -8.832500 |
| Haiti | -6.900000 |
| Fiji | -6.633333 |
| Benin | -5.530000 |
| Moldova | -5.447500 |
| Bosnia and Herzegovina | -5.437143 |
| Venezuela, RB | -5.286400 |
| Tunisia | -4.548235 |
| Madagascar | -4.540000 |
Global decrease in the growth rate of employment
Most of the income groups have increasing trend of employment rate except from high income group
Rapid development in Information and communication Section
Decreasing trend observed in Mining and Quarrying sections in High and Upper Middle Income group
| country name | region | average perentage of growth |
|---|---|---|
| Luxembourg | Europe & Central Asia | 11.389292 |
| Cyprus | Europe & Central Asia | 5.913180 |
| Georgia | Europe & Central Asia | 5.399218 |
| United Arab Emirates | Middle East & North Africa | 4.850546 |
| Switzerland | Europe & Central Asia | 3.984353 |
Higher employment growth rate in European and Central Asian Countries
Most of them have rich mineral/oil resources
| industry name | average persentage of growth |
|---|---|
| Venture Capital & Private Equity | 3.584088 |
| Alternative Dispute Resolution | 2.462249 |
| Computer & Network Security | 2.097874 |
| Renewables & Environment | 2.069448 |
| Aviation & Aerospace | 1.673296 |
| industry name | average percentage of growth |
|---|---|
| Newspapers | -2.103078 |
| Accounting | -2.074900 |
| Market Research | -1.822482 |
| Outsourcing/Offshoring | -1.798203 |
| Telecommunications | -1.538015 |
Rapid Development in:
Infrastructure
Information Technology
Equity Management
Environment Protection
Rapid Recession in:
Traditional Media
Traditional Communication
Professionals in today’s day and time are always looking for opportunities to grow in terms of their career. There are multiple aspects to this growth and the environment needed to enrich the growth.
Skills are front and center in terms of must-haves for a fruitful career. From the analysis it is clear that soft skills are a necessity regardless of vertical. Business skills have no longer remained the mainstay that they used to be and tech skills are here to stay however their disruptiveness in every sector is up for debate.
As one upskills, they find it harder to stay stationary within their old environment and migrate to greener pastures. Migration in certain hard skills like Data Driven Analytics, Fintech and soft skills like Persuasion has seen an upward trend. This can be credited to expanding technology and the growing stock market and startup culture looking at the Venture Capital and Private Equity industry trend.
However we also need to consider whether the current economy is at the state where such activities are possibly and employment growth would directly relate to whether the upskilling has to do with retaining jobs or switching them out.
World Bank Group - LinkedIn. (n.d.). World Bank LinkedIn Digital Data for Development. Industry Jobs and Skills Trends. Retrieved May 25, 2021, from https://linkedindata.worldbank.org
World Bank. (n.d.). Skills | LinkedIn Data | Data Catalog. Retrieved May 17, 2021, from https://datacatalog.worldbank.org/dataset/skills-linkedin-data
World Bank. (n.d.). Employment Growth | LinkedIn Data | Data Catalog. Retrieved May 17, 2021, from https://datacatalog.worldbank.org/dataset/employment-growth-linkedin-data
World Bank. (n.d.). Migration | LinkedIn Data | Data Catalog. Retrieved May 17, 2021, from https://datacatalog.worldbank.org/dataset/talent-migration-linkedin-data
Agarrwal, K. (2021, April 19). What is FINTECH? Retrieved May 18, 2021, from https://www.forbes.com/advisor/in/banking/what-is-fintech/
Forbes. (2021, April 19). Data is the new oil | Retrieved May 25, 2021, from https://medium.com/@adeolaadesina/data-is-the-new-oil-2947ed8804f6